Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the State Mortgage Licensing Authority of Massachusetts before hiring.
Showing 4 mortgage brokers in Stoneham, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Total Mortgage Stoneham NMLS #2473015
2 Main St, Stoneham, MA 02180
(978) 269-4387
totalmortgage.com
Marc Ehrgott Total Mortgage NMLS# 40214
2 Main St #325, Stoneham, MA 02180
(978) 269-4387
totalmortgage.com
What Does a Mortgage Broker in Stoneham Cost?
Mortgage broker fees in Massachusetts typically range from 1% to 2% of the loan amount. Some brokers charge a flat fee between $1,000 and $3,000. Additional costs may include application fees appraisal fees and credit report fees. Costs vary based on loan type property value and broker policies. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What license does a mortgage broker need in Massachusetts?
A mortgage broker must hold a valid license from the Massachusetts Division of Banks. This license requires passing a background check completing pre-licensing education and meeting continuing education requirements each year.
How do Stoneham mortgage brokers get paid?
Brokers typically earn a commission from the lender or charge a borrower fee. Massachusetts law requires full disclosure of all compensation in a Good Faith Estimate or Loan Estimate before closing.
Can a broker help with FHA loans in Stoneham?
Yes many Stoneham mortgage brokers offer FHA loans which are insured by the Federal Housing Administration. These loans often require a lower down payment and are popular for first-time homebuyers in Massachusetts.